In this Hup Bitcoin podcast Willem van den Brandeler, account executive at Chainalysis will be the guest.
Chainalysis continuously monitors the Bitcoin blockchain and categorises Bitcoin addresses as clusters. Together with Coinbase and Binance, Chainalysis would be the third unicoin in the Bitcoin industry.
A bitcoin transaction can be tracked by anyone, but there are (fortunately) no names and other information in the accounts of the bitcoin network.
However, there are parties, such as Chainalysis, that specialise Bitcoin Aussie System in identifying and tracking people and money on the network.
For example, they have helped authorities and exchanges to intercept lost bitcoin after hacks or from dark web companies.
But what do their activities mean for Bitcoin users? Do they themselves come up against ethical boundaries in their business operations? And how do we deal with users who value financial privacy because of censorship by governments, banks, insurance companies or payment processors?
In any case, the fact that the Bitcoin market is becoming legalised is playing into the company’s hands: there are already 65% more customers this year than in 2019.
Investors see that too and want to get a share of the success, the company recently raised $100 million in fresh money.
Van den Brandeler was born in the Netherlands, but educated in Paris and New York. His CV also features the necessary international names such as sales director at Bloomberg.
He now lives and works in London, and is the point of contact for Dutch government agencies and companies on behalf of Chainalysis.
This episode was made possible by: Knaken, Bitcoin Meester, Probit and Coin Motion.